Ohio § 5705.2110

§ 5705.2110.

(A) For purposes of this section: (1) “Carryover property” has the same meaning as in section 319.301 of the Revised Code . (2) “Residential/agricultural real property” has the same meaning as in section 5705.219 of the Revised Code . (B) For each city, local, or exempted village school district in which the tax authorized

by section 5705.219 of the Revised Code has been approved by electors in the preceding year, the tax commissioner, not later

than the twenty-eighth day of February, shall certify to the department of education

the amount determined in division (B)(4) of section 5705.219 of the Revised Code .  Not later than the twenty-eighth day of February of each year thereafter for twelve

years, the commissioner shall certify an amount equal to the difference between the

amount certified in the preceding year under this division and the product of ten

mills per dollar multiplied by the excess, if any, of the value of carryover property

for residential/agricultural real property for the preceding tax year over the value

of carryover property for residential/agricultural real property in the second preceding

tax year.  If the amount to be certified in any year is zero, in the commissioner's certification

the commissioner shall state that no further certifications shall be forthcoming. (C) Not later than the last day of April and of October beginning in the first year in

which a certification under division (B) of this section is received, the department

of education shall pay to the school district for which the certification is made

one-half of the amount most recently certified by the tax commissioner.